NIO (NYSE:NIO) Shares Up 0.1% - Here's Why

Nio Inc - (NYSE:NIO - Get Free Report) traded up 0.1% during trading on Monday . The stock traded as high as $3.57 and last traded at $3.53. 7,884,207 shares traded hands during trading, a decline of 86% from the average session volume of 56,276,336 shares. The stock had previously closed at $3.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NIO shares. Hsbc Global Res downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Cfra Research raised shares of NIO to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Citigroup dropped their price target on NIO from $8.90 to $8.10 and set a "buy" rating for the company in a research note on Monday, March 24th. Finally, Mizuho reduced their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $5.05.

NIO Stock Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The business has a 50 day moving average price of $4.12 and a two-hundred day moving average price of $4.49. The stock has a market cap of $8.43 billion, a PE ratio of -2.68 and a beta of 1.74.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned ($2.81) EPS. As a group, equities research analysts forecast that Nio Inc - will post -1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On NIO

Hedge funds and other institutional investors have recently made changes to their positions in the business. PDS Planning Inc raised its holdings in NIO by 13.0% in the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company's stock worth $99,000 after purchasing an additional 2,627 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of NIO by 25.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock valued at $59,000 after buying an additional 2,712 shares during the period. Franklin Resources Inc. raised its stake in NIO by 20.4% in the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock worth $72,000 after buying an additional 2,788 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in NIO by 24.1% in the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock worth $61,000 after buying an additional 2,867 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in NIO by 17.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock valued at $94,000 after acquiring an additional 3,152 shares in the last quarter. Institutional investors own 48.55% of the company's stock.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.